Claudio Descalzi, the Chief Executive Officer of Eni, has reaffirmed the company’s strong presence and vital role in Libya’s energy industry, saying the Italian energy giant feels “relatively secure” operating in the country.
Speaking to reporters on Wall Street during celebrations marking Eni’s 30th anniversary of listing on the New York Stock Exchange, Descalzi noted that the company continues to produce natural gas from Libya, which is entirely consumed domestically. He explained that this has helped Libya shift from coal to cleaner natural gas, boosting both energy efficiency and environmental sustainability.
Descalzi stressed that Eni’s operations have become “essential” to Libya’s energy stability, allowing the company to safeguard production while supporting the country’s economic needs. “We are helping them, we are investing — we are the only investors in the country providing what they need,” he said, as reported by the Italian news agency Italpress.
Eni, which has operated in Libya for decades, remains one of the few international companies maintaining active investments despite political instability. The company continues to focus on gas development projects, infrastructure rehabilitation, and local capacity-building initiatives aimed at strengthening Libya’s energy independence.